Sometimes your customers do not find it suitable to pay immediately or paying all at once for the products if you wish to sell your goods on a pre-order basis or subscription. WooCommerce brings a variety here. It provides you different ways to take payments for your products. In this article, I will share with you 5 WooCommerce Payment options to sell your products.
WooCommerce has become one of the most popular plugins due to the abundant features it provides. From creating an E-commerce store to selling different types of products such as Physical Products, Digital Products, Memberships, Subscriptions, Bookings, WooCommerce does it all. In my last article, I told you about The 5 Product types that you can sell with WooCommerce. But that is not all. With WooCommerce you can easily expand your payment options from that of immediate payments. Let us check out different ways to take payments for your products with WooCommerce.
WooCommerce Payment Options
1. Immediate Payments
Immediate Payments refer to those payments that a customer does just after placing an order for the product or just after receiving the order. This type of payment can be considered as the Traditional eCommerce payment option.
WooCommerce provides you various options to receive immediate payments with the help of various payment gateways that can easily be configured. You can easily allow your customers to add products to their cart and pay for them immediately or when they receive their order.
Immediate payment can be done in 4 major ways provides Direct Bank Transfer, Cheque Payment, Cash on Delivery and Paypal. You can configure these options by Go to WooCommerce>>Settings>> Checkout. Here you will find these options and you can easily enable or disable them.
2. Pre-order payment option
Sometimes you know that you have some items that are in the production phase other than those you are already selling online. These items might be available at some time or are on their way from a vendor.
You prefer to wait for them to arrive before you display them in your store and that is not always profitable for your store.
With the help of WooCommerce, you can easily forget to wait for your product to arrive and can showcase them to your customers. An amazing extension WooCommerce Pre-Orders makes this possible for you. This extension allows you to set up pre-orders in your WooCommerce Store, so your customers can easily order the products before they are available for actual sale.
Just configure your product and enable pre-orders with this extension and it will automatically bill your orders and do the rest.
As soon as the pre-orders are released and your customers will be charged automatically without them returning or paying again for the products.
3. Recurring products and subscriptions payment option
It’s always a chance that some of your products are most ordered as they are some awesome products and your customer’s favorite. Wouldn’t you want them such that your customers order them again and again or whenever they order those products you have stock available with you as well as automatic payments option that makes it easier for your customers to order your product over again?
WooCommerce Subscription solves this problem. This extension allows you to create and manage products with recurring payments. You can also add a variety of subscriptions for your products whether they are physical or virtual products or simply some services.
If you are selling some magazines or digital products, then this extension is best for you as it allows you to create a product of monthly, weekly, or even yearly subscriptions. Customers can easily pay on a recurring basis without having to come back to your store again and again.
This extension supports over 25 payment gateways. You can check out this list for more.
4. Deposit payment options
Selling products that are expensive such as laptops, computers, mobile phones, parts of products, etc. For these products, you cannot ask your customers to pay the complete amount. Also when you have to deliver any service on a future date, you simply never ask your customer to pay 100% amount upfront.
It all depends on when you actually complete such a task. You should also provide your customers an option to cancel, change or reschedule their orders.
Such options can be made possible by another WooCommerce extension, WooCommerce Deposits. This extension lets your customer place a deposit or uses a payment plan. Your customers can create flexible custom payment plans with their own percentage and interval. Customers can also pay the whole amount at once or create deposits. This is a great payment option for these unconventional goods and services.
5. Don’t want to sell your products but want a WooCommerce store. Eh! What?
Yeah, you read that right! You can even not sell your products online but want all other features of WooCommerce. Sometimes store owners just want to showcase their products and not sell them. They want their customers to check their products and meet them personally before they make a final sale.
Catalog Visibility Options can help you out in this. This WooCommerce extension removes all the eCommerce functionality from your store such as Cart, Checkout, and even buy now buttons.
You can also restrict your store to logged-in users with the help of this extension. You can even hide the prices of your products.
Final Thoughts On WooCommerce Payment Options
These were almost 5 payment options that you can choose from for your WooCommerce store. So why limit your store to just one? These payment options for WooCommerce are fit for all types of stores. If you have any recommendations in your mind, let us know in the comment section below.
To know more about WooCommerce, check out these articles:
Which Payment Option is Right for Me?
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